The US estate of Bally Total Fitness is now down to five clubs. This follows the completion of 24 Hour Fitness’ acquisition of 32 Bally clubs in the New York City, Denver and San Francisco markets in December, the closure of one club in New York state at the end of December, and the rebranding of another in Colorado.
This marks the latest – and it would seem almost final – stage in the decline of Bally’s portfolio following two bankruptcies and numerous club sales, including 171 clubs to LA Fitness in 2011. Bally had 347 clubs across 26 US states after its second bankruptcy filing in 2008.